Industrial production rises 6.2%

Dünya Executive - - OVERVIEW -

Turkey’s calendar-adjusted ndustrial production rose 6.2 percent year-on-year in April, the Turkish Statistica­l Institute (TurkStat) announced on June 13. Industrial output is considered a vital indicator for the economy as it is seen as a preliminar­y gauge for ross domestic product (GDP). Among three main sub-indices, the mining and quarrying index saw the highest annual increase in the month, up 10.1 percent compared to the same month last year. The manufactur­ing index went up 6.3 percent while the electricit­y, gas, steam and air conditioni­ng supply index rose 3.8 percent during the same period. TurkStat said that industrial output also rose on a monthly basis in April by 0.9 percent.

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